This is the 2nd worst start to a year for the S&P 500 in history>>>> a Better 2H coming up ??
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This is the 2nd worst start to a year for the S&P 500 in history>>>> a Better 2H coming up ??
Grant Robertson acknowledged a recession is possible but said New Zealand is well-positioned should one eventuate
Good to know we are well positioned
Look, I know I go on about this but I wonder if this market crash/downtrend/correction signals the demise of ESG funds? I saw a Kiwisaver advert on the telly last night proudly declaring that their product has zero exposure to fossil fuels. Did we reach peak ESG just about the same time that at least some energy (for example) was essential to have in ones portfolio? Even the growth heavy S&P500 has nearly 5 per cent exposure to energy - low for sure but its better than nothing.
Interesting tweet from Brian Sullivan below on this topic.
https://twitter.com/SullyCNBC/status...64297065201668
Saving Capital Markets - coming soon to a theater near you
https://twitter.com/litcapital/statu...lxanCiK5WbMjHA
NZD getting thumped again down nearly a cent --- that imported inflation be going thru the roof next quarter.
Yes,unfort a greenwashing spin.And yet it's many years before alternative energy gets any where near replacing oil,coal,gas and they are far more expensive with enormous amounts of energy required to make them.Maybe Nuclear power plants are the only hope . A decade of under investment in exploration by the major oil companies has really turbo charged the undersupply of energy for the foreseeable future imo.
My investment in energy stocks is protecting my( sold down in last few months ) portfolio big time.My small investment in green energy pumped hydro and solar down 50 % atp.